Infrared Detector Market Is Expected to Register a CAGR of ~ 6.2% During the Review Period, 2021–2027

MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Infrared Detector Market.

Overview

The global infrared detector market is expected to register a CAGR of ~ 6.2% during the forecast period, 2021–2027. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the infrared detector market to offer a better glimpse into the coming years.

The major factors driving the growth of the infrared detector market are the high penetration of infrared detectors into non-contact temperature measurement, gas analysis, astronomy, and fire detection applications, Increasing popularity of uncooled infrared detectors and rising demand for infrared detectors in imaging application. However, stringent regulations pertaining to import and export of cameras are hindering the market growth. Although, increasing application areas of infrared spectroscopy technique and increasing penetration of infrared cameras in different application areas are creating an opportunity in the market.

Segmental Analysis

The global infrared detector market has been segmented based on type, technology, application, vertical, wavelength, and region.

Based on technology, the market has been segmented into cooled and uncooled. The uncooled infrared detectors segment to hold larger size of infrared detector market during forecast period. Uncooled infrared detectors operate at ambient temperature. It improves reliability, better manufacturability and lower costs. Cooled infrared detectors are used in security and surveillance application.

Based on type, the market has been segmented into mercury cadmium telluride, indium gallium arsenide, pyroelectric, thermopile, microbolometer, and others. The pyroelectric infrared detector segment to hold largest share of infrared detector market during forecast period.

 Based on application, the market has been segmented into people and motion sensing, temperature measurement, security and surveillance, gas & fire detection, spectroscopy and biomedical imaging, scientific applications.  The people and motion sensing segment expected to register significant market share over the forecast period due to increased demand for people and motion sensing in commercial infrastructure. The temperature measurement segment used to detect motion by measuring fluctuations in temperature in the field of view. The security and surveillance segment is highly demanded in military & defense area. Infrared detector is used in gas & fire detection segment to detect the presence of hot gasses released anywhere.

Based on wavelength, the market has been segmented into Near-infrared (NIR) & Short Wavelength Infrared (SWIR) ,Medium Wavelength Infrared (MWIR), Long-wave infrared (LWIR). The NIR & SWIR infrared detector segment to register highest CAGR during forecast period. Near-infrared (NIR) & Short Wavelength Infrared (SWIR)  segment used to look through plastic packaging and silicon, providing another method for nondestructive testing. Short Wavelength Infrared (SWIR) used for a number of commercial applications. The Long-wave infrared (LWIR) segment detect distinct temperature differences important in the home inspection field.

Based on vertical, the market has been segmented into industrial and nonindustrial. The nonindustrial segment to register higher CAGR in infrared detector market during forecast period owing to it is used in critical application of infrared detectors such as military & defense vertical, residential & commercial, healthcare & research vertical. The industrial vertical compresses of automotive, aerospace, and oil & gas vertical.

Competitive Analysis

The global Infrared Detector market is characterized by the presence of several regional and local providers. Some of the key players in the market are EXCELITAS Technologies (US), Hamamatsu Photonics (Japan), Murata Manufacturing (Japan), FLIR Systems Inc.(US), Texas Instruments (US), Nippon Ceramic (Japan), Omron Corporation (Japan), INFRATEC (Germany), LYNRED(France), TE Connectivity (Switzerland), Honeywell International (US), Raytheon Company (US), Laser Components (Germany), Dräger (Germany), Vigo System (Poland), XENICS (Belgium), MELEXIS (Belgium), Fagus GRECON (Germany), Thorlabs (US), and SEMITEC Corporation (Japan).

Regional Analysis

The regional analysis for the global infrared detector market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America. The market in North America accounted for the largest market share in 2020, and it is expected to register strong growth during the forecast period. North America is expected to have the largest market share in the infrared detector market because it is a mature and well-established market with a healthy risk appetite and a proclivity for technological innovations, presenting a plethora of opportunities for infrared detector vendors and service providers. However, the APAC area is experiencing tremendous growth due to a growing demand for infrared detectors in security and surveillance application. The major APAC countries are technologically advanced and provide significant investment and income potential. The growth of the infrared detector market in Asia-Pacific is expected to be influenced by a growing adoption of modern technologies, as well as the increasing number of Small and Medium Enterprises (SMEs). The increasing technological adoption, focus on innovations obtained from R&D and technology, more IT organizations, and ongoing projects will boost the market in the Asia-Pacific region.